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LAKE ORION, MICH. — Palace Chrysler Jeep has acquired 57,000 square feet of light industrial space at 4800 S. Lapeer Road in Lake Orion. The buyer plans to use the property to expand its current parts department and construct one of the largest body shop/repair facilities in Michigan. Palace Chrysler plans to install solar roof technology, skylights and wind turbines. P&G Properties sold the property for an undisclosed price. Larry Schultz of Friedman Real Estate Group represented the buyer in the transaction. The acquisition price was not released.